Other Hedge Funds, Including, Advisors Asset Management reduced its stake in KMI by selling 264,967 shares or 25.74% in the most recent quarter. 11 analysts have rated the company as a strong “Hold”. It also reduced its holding in Seagate Technology Plc (NASDAQ:STX) by 327,505 shares in the quarter, leaving it with 33,296 shares, and cut its stake in Franklin Elec Inc (NASDAQ:FELE). Sanford C. Bernstein began coverage on Kinder Morgan in a research note on Wednesday, May 11th.
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Shares of Kinder Morgan (KMI) were advancing early Thursday morning after analysts at Morgan Stanley upgraded the stock to “overweight” from “equal weight”. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.18.
Kinder Morgan (NYSE:KMI) opened at 21.07 on Friday. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 5.58% where SMA50 and SMA200 are 12.52% and 19.94% respectively.
Morgan Stanley has the Market Capitalization of 58.06 Billion. These analysts have also projected a Low Estimate of $0.11/share and a High Estimate of $0.18/share.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 20th. Analyst had a consensus estimate of $0.15. The company earned $3.14 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Kinder Morgan Inc makes up approx 0.21% of Strs Ohio’s portfolio.
Over the past five trading sessions shares of Noble Corporation plc (NYSE:NE) are -5.47%; -21.76% for the month; -27.68% for the last quarter; -19.57% for the past six-months; and -48.11% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. Stockholders of record on Monday, August 1st were issued a $0.125 dividend. The difference between the expected and actual EPS was $0/share, which represents an Earnings surprise of 0%. The ex-dividend date of this dividend was Thursday, July 28th. (NYSE:KMI) reported EPS of $0.15. The company most recent volume stood at 16.16 million shares as compared to average volume of 16.06 million shares. Subsequent to the transaction Wirth Paul C owned a total of 214,280 shares of the stock. The $48.12B market cap company, which fluctuated between $21.46 and $21.97 during the day, now situated 98.49% above its 52 week low of $11.2 and -34.94% away from its one year high of $33.49. The stock price is going above to its 52 week low with 94.39% and lagging behind from its 52 week high with -36.29%. The number of shares now owned by investors are 260.67 mln. Finally, Capital One National Association increased its position in shares of Kinder Morgan by 1.7% in the second quarter. Stock value has moved between $34.24 – 53.16 in last one year.
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Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The Firm divisions include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other.
